GOVERNMENT EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA (1981 - 2015)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
This study examined government expenditure and Nigeria’s economic growth within the sample period of 1981-2015. The data for this research work (Gross Domestic Product, government recurrent expenditure and government capital expenditure) was obtained from the CBN Statistical Bulletin (2015) and analysed using ordinary least squares (OLS) technique. Gross domestic product was regressed against government recurrent expenditure and government capital expenditure. Certain econometrics tests were conducted such as Unit Root test, Cointegration test, and Vector Error Correction Model. The result showed that government expenditure had negative effect on economic growth of Nigeria for the period under review. The unit root test indicates that all the variables were stationary at first differencing. The Cointegration test revealed that the variables had a long run relationship with economic growth of Nigeria within the sample period this necessitated the application of Vector Erroe Correction Model, which revealed that government expenditure was statistically significant. Also the R2 was 0.67, showed that 67% of the changes in GDP was caused by changes in the explanatory variables. The f-statistics was statistically significant meaning that the explanatory variables had joint influence on GDP. The Durbin-Watson showed that there is no autocorrelation in the series. Based on this finding the research recommends among others that; government should also restructure its various organs of public administration in order to engender efficiency and effectiveness in service delivery in the cause of its spending.
Related Project Materials
The effect of ethical banking practices on the performance of Islamic finance
Background of the Study
Ethical banking practices form the cornerstone of Islamic finance, where business...
SECESSIONIST ASPIRATIONS IN NIGERIA
ABSTRACT
The main objective of the study is to examine the secessionist aspiration of MASSOB in Nigeria,character of...
The effect of continuing education on the performance of non-teaching staff in secondary schools in Kaduna North Local Government Area, Kaduna State
Background of the Study
Non-teaching staff in secondary schools play a critical role in ensuring the smooth operation of ed...
Evaluation of AI-Based Sentiment Analysis for University Course Feedback in Kwara State University, Malete, Kwara State
Background of the Study
Student feedback is a crucial element in evaluating and improving course quality in higher educati...
THE INFLUENCE OF INFORMATION SYSTEMS ON BUSINESS INNOVATION
THE INFLUENCE OF INFORMATION SYSTEMS ON BUSINESS INNOVATION
Abstract: This study aimed to investi...
PROBLEMS OF FRAUD AND THEIR SOLUTIONS IN FINANCIAL INSTITUTION
Abstract
There appears to be little doubt about the fact that frauds in banks are a matter of the great...
The Impact of Clinical Rotations on Nursing Students' Adaptation to Real-Life Hospital Settings in Benue State University Teaching Hospital
Background of the Study
Clinical rotations are a fundamental component of nursing education, providing students with hands-on experience in...
An evaluation of household waste disposal practices in Kaduna State
Background of the Study
Household waste management is a critical component of urban sanitation and public health. In Kaduna State, rapid...
ADVERTISING AS A ‘’POWER TOOL’’ FOR BUSINESS GROWTH: A CASE STUDY OF NIGERIAN BOTTLING COMPANY PLC
EXCERPT FROM THE STUDY
Generally, businesses say that advertising provides a public service because it gives them inform...
The Effectiveness of Local Craft Exhibitions in Boosting Community Tourism in Argungu Local Government Area, Kebbi State
Chapter One: Introduction
1.1 Background of the Study
Local craft exhibitions have emerged as vital tools for promoting communi...
